Trump taps Kudlow for top economic aide post
WASHINGTON — President Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a longtime fixture on the CNBC business news network who previously served in the Reagan administration and has emerged as a leading evangelist for tax cuts and a smaller government.
Kudlow told The Associated Press yesterday that he accepted the offer, saying the U.S. economy is poised to take off after Trump signed $1.5 trillion worth of tax cuts into law.
“The economy is starting to roar, and we’re going to get more of that,” he said.
The famously pinstripesuited Kudlow would succeed Gary Cohn, a former Goldman Sachs executive who is leaving the post in a dispute over Trump’s decision to impose tariffs on imported steel and aluminum.
With Trump’s tax cuts already being implemented, Kudlow would be advising a president who appears increasingly determined to tax foreign imports — a policy Kudlow personally opposes. Kudlow said he is “in accord” with Trump’s agenda, and his team at the White House would help implement the policies set by the president.
Trump has promised to reduce the trade imbalance with China and rewrite the North American Free Trade Agreement with Canada and Mexico. Kudlow declined to say what advice he would give the president on trade issues, saying instead that Trump is “a very good negotiator.”
Kudlow, 70, has informally advised the Trump administration in the past and said he has spoken with the president “at some length in recent days,” so he is ready “to hit the ground running.”
Kudlow told CNBC yesterday that he will be going to Washington today to meet with Trump. White House spokeswoman Sarah Huckabee Sanders said the administration is preparing for an orderly transition and “will keep everyone posted” on when Kudlow officially assumes the job.